What is an example of the oppostion Hamilton's plan faced?

Answer 1

One significant opposition to Hamilton's financial plan came from Thomas Jefferson and his supporters, who believed the plan favored wealthy elites and undermined states' rights. They argued against the establishment of a national bank, fearing it would centralize too much power in the federal government. Additionally, many Southern states had already paid off their debts and opposed assuming the debts of Northern states, which they saw as unfair. This ideological clash underscored the broader tensions between federalists and anti-federalists in early American politics.